Or don’t donate anything, and pay no tax! Sorry, I know this is a non
political thread (unless you view Apple vs Android as a political culture war).
But I am struck that it was a scandal that Mitt Romney only paid 14% income
tax, giving him no credit for tithing to his church (and don’t forget the
charity boxing match!) Yet now we have someone who apparently does neither,
and he’s a genius.
Meanwhile, I’ve got an old vehicle to donate, and am wondering if those
cars-for-kids deals are for real or just scams. Maybe better to just take it
to the auto wrecker and then donate the cash?
From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman
Sent: Thursday, October 13, 2016 9:49 AM
Subject: Re: [AFMUG] OT: AAPL
I use this tax strategy years ago and it enabled me to donate more money and
pay less tax.
On Wed, Oct 12, 2016, 3:45 PM Jon Langeler <jon-ispli...@michwave.net
<mailto:jon-ispli...@michwave.net> > wrote:
Thanks for the tips! AAPL may be a good buy right now but not a steal
Michwave Technologies, Inc.
> On Oct 12, 2016, at 12:07 PM, Travis Johnson <t...@ida.net
> <mailto:t...@ida.net> > wrote:
> I'm all in on AAPL at $114 (a few weeks ago). Keep blowing up those phones
> Samsung... LOL
> This is a longer term investment... making 2% dividends is better than most
> bank CD's or savings accounts, and Apple has made a 16% annual return over
> the last 5 years. Even if their stock just holds (which it won't now because
> of the Samsung thing, etc), it's making 2% and it's still "liquid" according
> to the banks, which helps on personal financial statements.
> AND, the new hip thing to do is donating stock to your church as a charitable
> donation. You don't have to pay the tax on the increase if you sold it first,
> you just transfer it at the current value. Amazing the tax tricks these
> church going people come up with... LOL